Ships and boats require highly specific and durable coatings for application on both above and below waterline components. In this study, these products are collectively referred to as marine coatings.
The analysis covers anticorrosion and antifouling marine coatings for new shipbuilding and maintenance activities to evaluate the demand for the global market. This research focuses on the impact of the supply chain, sustainability, product innovation, and digitalization on the global marine coatings market to evaluate its potential. Discussions include an assessment of the current status and future potential of the global marine coatings market. Analysis considers marine coating-generated volume shipments and revenues from 2019 to 2029 and records revenues at the manufacturer level.
The major vessel types are large vessels (cargo, passenger, and naval), leisure boats (yachts, small ferries, and other pleasure crafts), and fishing vessels. Major chemistries include epoxy, polyurethane, alkyd, and others for anti-corrosion coatings; and acrylates and silicones & fluorosilicones for antifouling coatings. Customers select coatings based on a variety of application requirements such as corrosion resistance, resistance to fuels and other chemicals, stability under various temperature ranges and pressure conditions, resistance to humidity, and resistance to biofouling. Coating formulations must be UV resistant with durable color retention for above the waterline exterior applications and superior corrosion and chemical resistant for structural applications.
Asia-Pacific is the largest market with huge shipbuilding and maintenance bases in countries including China, South Korea, and Japan. The shipping industry in Europe also contributes significantly to the marine coatings market. The region holds more than 140 large shipyards, and about a third of these are active in the global market for large seagoing commercial vessels.
The marine coatings market is greatly impacted by megatrends such trade wars, nearshoring, and stringent environmental regulations. However, it will benefit from increasing use of advanced antifouling coatings that are priced higher than conventional coatings. The marine coatings market is highly competitive among large, global manufacturers, so the competitive environment is skewed toward these participants. Manufacturers engage in continuous product development activities based on changes in customer needs and in the regulatory environment. By establishing long-term relationships with their customers, manufacturers try to ensure that they are equally proactive and reactive to various industry requirements.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on the Marine Coatings Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Segmentation (continued)
Geographic Scope
Growth Metrics
Regulations
Regulations (continued)
Regulations (continued)
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Forecast Assumptions—New Shipbuilding
Forecast Assumptions—Maintenance
Revenue and Volume Forecast
Revenue and Volume Forecast Analysis
Average Price Forecast
Pricing Trends and Forecast Analysis (continued)
Revenue Forecast by Vessel Type
Volume Forecast by Vessel Type
Number of Vessels by Type in Global Markets
Revenue Forecast by Coating Type
Volume Forecast by Coating Type
Revenue and Volume Forecast Analysis by Coating Type
Revenue Forecast by End Use
Volume Forecast by End Use
Revenue and Volume Forecast Analysis by Vessel and End Use
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis by Region
Key Competitors
Value Chain
Value Chain Description
Competitive Environment
Market Share Analysis
Segment Characteristics and Overview—Large Vessels
Growth Metrics
Revenue and Volume Forecast
Revenue Forecast by End Use
Volume Forecast by End Use
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis by Region
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue Forecast by Coating Type
Volume Forecast by Coating Type
Revenue and Volume Forecast Analysis by Coating Type—Anticorrosion Coatings
Revenue and Volume Forecast Analysis by Coating Type—Anticorrosion Coatings (continued)
Revenue and Volume Forecast Analysis by Coating Type—AFCs
Revenue and Volume Forecast Analysis by Coating Type—AFCs (continued)
Segment Characteristics and Overview—Leisure Boats
Growth Metrics
Revenue and Volume Forecast
Revenue Forecast by End Use
Volume Forecast by End Use
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis by Region
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue Forecast by Coating Type
Volume Forecast by Coating Type
Revenue and Volume Forecast Analysis by Coating Type—Anticorrosion Coatings
Revenue and Volume Forecast Analysis by Coating Type—Anticorrosion Coatings (continued)
Revenue and Volume Forecast Analysis by Coating Type—AFCs
Revenue and Volume Forecast Analysis by Coating Type—AFCs (continued)
Segment Characteristics and Overview—Fishing Vessels and Boats
Growth Metrics
Revenue and Volume Forecast
Revenue Forecast by End Use
Volume Forecast by End Use
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis by Region
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue and Volume Forecast Analysis by Region (continued)
Revenue Forecast by Coating Type
Volume Forecast by Coating Type
Revenue and Volume Forecast Analysis by Coating Type—Anticorrosion Coatings
Revenue and Volume Forecast Analysis by Coating Type—AFCs
Growth Opportunity 1: Copper-free AFCs
Growth Opportunity 1: Copper-free AFCs (continued)
Growth Opportunity 2: Reduced Drag
Growth Opportunity 2: Reduced Drag (continued)
Growth Opportunity 3: Digital Technologies
Growth Opportunity 3: Digital Technologies (continued)
Digitalization Trends in Marine Coatings
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Marine Coatings Market: Growth Metrics, Global, 2022
- Marine Coatings Market: Growth Drivers, Global, 2023–2029
- Marine Coatings Market: Growth Restraints, Global, 2023–2029
- Marine Coatings for New Shipbuilding: Summary of Growth Drivers and Restraints, Global, 2022–2029
- Marine Coatings for Maintenance: Summary of Growth Drivers and Restraints, Global, 2022–2029
- Marine Coatings Market: Revenue and Volume Forecast, Global, 2019–2029
- Marine Coatings Market: Average Price Forecast, Global, 2019–2029
- Marine Coatings Market: Revenue Forecast by Vessel Type, Global, 2019–2029
- Marine Coatings Market: Volume Forecast by Vessel Type, Global, 2019–2029
- Marine Coatings Market: Number of Vessels by Type, Global, 2022
- Marine Coatings Market: Revenue Forecast by Coating Type, Global, 2019–2029
- Marine Coatings Market: Volume Forecast by Coating Type, Global, 2019–2029
- Marine Coatings Market: Revenue Forecast by End Use, Global, 2019–2029
- Marine Coatings Market: Volume Forecast by End Use, Global, 2019–2029
- Marine Coatings Market: Revenue Forecast by Region, 2019–2029
- Marine Coatings Market: Volume Forecast by Region, 2019–2029
- Marine Coatings Market: Value Chain, Global, 2022
- Marine Coatings Market: Revenue Share of Top Participants, Global, 2022
- Marine Coatings for Large Vessels: Growth Metrics, Global, 2022
- Marine Coatings for Large Vessels: Revenue and Volume Forecast, Global, 2019–2029
- Marine Coatings for Large Vessels: Revenue Forecast by End Use, Global, 2019–2029
- Marine Coatings for Large Vessels: Volume Forecast by End Use, Global, 2019–2029
- Marine Coatings for Large Vessels: Revenue Forecast by Region, 2019–2029
- Marine Coatings for Large Vessels: Volume Forecast by Region, 2019–2029
- Marine Coatings for Large Vessels: Volume by End Use, Americas, 2022
- Marine Coatings for Large Vessels: Volume Forecast by End Use, Americas, 2029
- Marine Coatings for Large Vessels: Volume by End Use, Europe, 2022
- Marine Coatings for Large Vessels: Volume Forecast by End Use, Europe, 2029
- Marine Coatings for Large Vessels: Volume by End Use, APAC, 2022
- Marine Coatings for Large Vessels: Volume Forecast by End Use, APAC, 2029
- Marine Coatings for Large Vessels: Volume by End Use, MEASA, 2022
- Marine Coatings for Large Vessels: Volume Forecast by End Use, MEASA, 2029
- Marine Coatings for Large Vessels: Revenue Forecast by Coating Type Global, 2019–2029
- Marine Coatings for Large Vessels: Volume Forecast by Chemistry, Global, 2019–2029
- Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2022
- Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2029
- Anticorrosion Coatings: Volume Percentage by Technology, Global, 2022
- Anticorrosion Coatings: Volume Percentage by Technology, Global, 2029
- AFCs: Volume Percentage by Chemistry, Global, 2022
- AFCs: Volume Percentage by Chemistry, Global, 2029
- AFCs: Volume Percentage by Technology, Global, 2022
- AFCs: Volume Percentage by Technology, Global, 2029
- Marine Coatings for Leisure Boats: Growth Metrics, Global, 2022
- Marine Coatings for Leisure Boats: Revenue and Volume Forecast, Global, 2019–2029
- Marine Coatings for Leisure Boats: Revenue Forecast by End Use, Global, 2019–2029
- Marine Coatings for Leisure Boats: Volume Forecast by End Use, Global, 2019–2029
- Marine Coatings for Leisure Boats: Revenue Forecast by Region, 2019–2029
- Marine Coatings for Leisure Boats: Volume Forecast by Region, 2019–2029
- Marine Coatings for Leisure Boats: Volume by End Use, Americas, 2022
- Marine Coatings for Leisure Boats: Volume Forecast by End Use, Americas, 2029
- Marine Coatings for Leisure Boats: Volume by End Use, Europe, 2022
- Marine Coatings for Leisure Boats: Volume Forecast by End Use, Europe, 2029
- Marine Coatings for Leisure Boats: Volume by End Use, APAC, 2022
- Marine Coatings for Leisure Boats: Volume Forecast by End Use, APAC, 2029
- Marine Coatings Leisure Boats: Volume by End Use, MEASA, 2022
- Marine Coatings for Leisure Boats: Volume Forecast by End Use, MEASA, 2029
- Marine Coatings for Leisure Boats: Revenue Forecast by Coating Type Global, 2019–2029
- Marine Coatings for Leisure Boats: Volume Forecast by Chemistry, Global, 2019–2029
- Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2022
- Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2029
- Anticorrosion Coatings: Volume Percentage by Technology, Global, 2022
- Anticorrosion Coatings: Volume Percentage by Technology, Global, 2029
- AFCs: Volume Percentage by Chemistry, Global, 2022
- AFCs: Volume Percentage by Chemistry, Global, 2029
- AFCs: Volume Percentage by Technology, Global, 2022
- AFCs: Volume Percentage by Technology, Global, 2029
- Marine Coatings for Fishing Vessels and Boats: Growth Metrics, Global, 2022
- Marine Coatings for Fishing Vessels and Boats: Revenue and Volume Forecast, Global, 2019–2029
- Marine Coatings for Fishing Vessels and Boats: Revenue Forecast by End Use, Global, 2019–2029
- Marine Coatings Fishing Vessels and Boats: Volume Forecast by End Use, Global, 2019–2029
- Marine Coatings for Fishing Vessels and Boats: Revenue Forecast by Region, 2019–2029
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by Region, 2019–2029
- Marine Coatings for Fishing Vessels and Boats: Volume by End Use, Americas, 2022
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, Americas, 2029
- Marine Coatings for Fishing Vessels and Boats: Volume by End Use, Europe, 2022
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, Europe, 2029
- Marine Coatings for Fishing Vessels and Boats: Volume by End Use, APAC, 2022
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, APAC, 2029
- Marine Coatings for Fishing Vessels and Boats: Volume by End Use, MEASA, 2022
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, MEASA, 2029
- Marine Coatings for Fishing Vessels and Boats : Revenue Forecast by Coating Type Global, 2019–2029
- Marine Coatings for Fishing Vessels and Boats: Volume Forecast by Chemistry, Global, 2019–2029
- Digital Transformation in Paints and Coatings: Examples, Global, 2017–2022
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Ships and boats require highly specific and durable coatings for application on both above and below waterline components. In this study, these products are collectively referred to as marine coatings.
The analysis covers anticorrosion and antifouling marine coatings for new shipbuilding and maintenance activities to evaluate the demand for the global market. This research focuses on the impact of the supply chain, sustainability, product innovation, and digitalization on the global marine coatings market to evaluate its potential. Discussions include an assessment of the current status and future potential of the global marine coatings market. Analysis considers marine coating-generated volume shipments and revenues from 2019 to 2029 and records revenues at the manufacturer level.
The major vessel types are large vessels (cargo, passenger, and naval), leisure boats (yachts, small ferries, and other pleasure crafts), and fishing vessels. Major chemistries include epoxy, polyurethane, alkyd, and others for anti-corrosion coatings; and acrylates and silicones & fluorosilicones for antifouling coatings. Customers select coatings based on a variety of application requirements such as corrosion resistance, resistance to fuels and other chemicals, stability under various temperature ranges and pressure conditions, resistance to humidity, and resistance to biofouling. Coating formulations must be UV resistant with durable color retention for above the waterline exterior applications and superior corrosion and chemical resistant for structural applications.
Asia-Pacific is the largest market with huge shipbuilding and maintenance bases in countries including China, South Korea, and Japan. The shipping industry in Europe also contributes significantly to the marine coatings market. The region holds more than 140 large shipyards, and about a third of these are active in the global market for large seagoing commercial vessels.
The marine coatings market is greatly impacted by megatrends such trade wars, nearshoring, and stringent environmental regulations. However, it will benefit from increasing use of advanced antifouling coatings that are priced higher than conventional coatings. The marine coatings market is highly competitive among large, global manufacturers, so the competitive environment is skewed toward these participants. Manufacturers engage in continuous product development activities based on changes in customer needs and in the regulatory environment. By establishing long-term relationships with their customers, manufacturers try to ensure that they are equally proactive and reactive to various industry requirements.
| Deliverable Type | Market Research |
|---|---|
| Author | Simran Tamboli |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Coating Solutions for Ships |
| Keyword 2 | Protective Coatings Market |
| Keyword 3 | Marine Coatings Market Analysis |
| List of Charts and Figures | Marine Coatings Market: Growth Metrics, Global, 2022~ Marine Coatings Market: Growth Drivers, Global, 2023–2029~ Marine Coatings Market: Growth Restraints, Global, 2023–2029~ Marine Coatings for New Shipbuilding: Summary of Growth Drivers and Restraints, Global, 2022–2029~ Marine Coatings for Maintenance: Summary of Growth Drivers and Restraints, Global, 2022–2029~ Marine Coatings Market: Revenue and Volume Forecast, Global, 2019–2029~ Marine Coatings Market: Average Price Forecast, Global, 2019–2029~ Marine Coatings Market: Revenue Forecast by Vessel Type, Global, 2019–2029~ Marine Coatings Market: Volume Forecast by Vessel Type, Global, 2019–2029~ Marine Coatings Market: Number of Vessels by Type, Global, 2022~ Marine Coatings Market: Revenue Forecast by Coating Type, Global, 2019–2029~ Marine Coatings Market: Volume Forecast by Coating Type, Global, 2019–2029~ Marine Coatings Market: Revenue Forecast by End Use, Global, 2019–2029~ Marine Coatings Market: Volume Forecast by End Use, Global, 2019–2029~ Marine Coatings Market: Revenue Forecast by Region, 2019–2029~ Marine Coatings Market: Volume Forecast by Region, 2019–2029~ Marine Coatings Market: Value Chain, Global, 2022~ Marine Coatings Market: Revenue Share of Top Participants, Global, 2022~ Marine Coatings for Large Vessels: Growth Metrics, Global, 2022~ Marine Coatings for Large Vessels: Revenue and Volume Forecast, Global, 2019–2029~ Marine Coatings for Large Vessels: Revenue Forecast by End Use, Global, 2019–2029~ Marine Coatings for Large Vessels: Volume Forecast by End Use, Global, 2019–2029~ Marine Coatings for Large Vessels: Revenue Forecast by Region, 2019–2029~ Marine Coatings for Large Vessels: Volume Forecast by Region, 2019–2029~ Marine Coatings for Large Vessels: Volume by End Use, Americas, 2022~ Marine Coatings for Large Vessels: Volume Forecast by End Use, Americas, 2029~ Marine Coatings for Large Vessels: Volume by End Use, Europe, 2022~ Marine Coatings for Large Vessels: Volume Forecast by End Use, Europe, 2029~ Marine Coatings for Large Vessels: Volume by End Use, APAC, 2022~ Marine Coatings for Large Vessels: Volume Forecast by End Use, APAC, 2029~ Marine Coatings for Large Vessels: Volume by End Use, MEASA, 2022~ Marine Coatings for Large Vessels: Volume Forecast by End Use, MEASA, 2029~ Marine Coatings for Large Vessels: Revenue Forecast by Coating Type Global, 2019–2029~ Marine Coatings for Large Vessels: Volume Forecast by Chemistry, Global, 2019–2029~ Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2022~ Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2029~ Anticorrosion Coatings: Volume Percentage by Technology, Global, 2022~ Anticorrosion Coatings: Volume Percentage by Technology, Global, 2029~ AFCs: Volume Percentage by Chemistry, Global, 2022~ AFCs: Volume Percentage by Chemistry, Global, 2029~ AFCs: Volume Percentage by Technology, Global, 2022~ AFCs: Volume Percentage by Technology, Global, 2029~ Marine Coatings for Leisure Boats: Growth Metrics, Global, 2022~ Marine Coatings for Leisure Boats: Revenue and Volume Forecast, Global, 2019–2029~ Marine Coatings for Leisure Boats: Revenue Forecast by End Use, Global, 2019–2029~ Marine Coatings for Leisure Boats: Volume Forecast by End Use, Global, 2019–2029~ Marine Coatings for Leisure Boats: Revenue Forecast by Region, 2019–2029~ Marine Coatings for Leisure Boats: Volume Forecast by Region, 2019–2029~ Marine Coatings for Leisure Boats: Volume by End Use, Americas, 2022~ Marine Coatings for Leisure Boats: Volume Forecast by End Use, Americas, 2029~ Marine Coatings for Leisure Boats: Volume by End Use, Europe, 2022~ Marine Coatings for Leisure Boats: Volume Forecast by End Use, Europe, 2029~ Marine Coatings for Leisure Boats: Volume by End Use, APAC, 2022~ Marine Coatings for Leisure Boats: Volume Forecast by End Use, APAC, 2029~ Marine Coatings Leisure Boats: Volume by End Use, MEASA, 2022~ Marine Coatings for Leisure Boats: Volume Forecast by End Use, MEASA, 2029~ Marine Coatings for Leisure Boats: Revenue Forecast by Coating Type Global, 2019–2029~ Marine Coatings for Leisure Boats: Volume Forecast by Chemistry, Global, 2019–2029~ Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2022~ Anticorrosion Coatings: Volume Percentage by Chemistry, Global, 2029~ Anticorrosion Coatings: Volume Percentage by Technology, Global, 2022~ Anticorrosion Coatings: Volume Percentage by Technology, Global, 2029~ AFCs: Volume Percentage by Chemistry, Global, 2022~ AFCs: Volume Percentage by Chemistry, Global, 2029~ AFCs: Volume Percentage by Technology, Global, 2022~ AFCs: Volume Percentage by Technology, Global, 2029~ Marine Coatings for Fishing Vessels and Boats: Growth Metrics, Global, 2022~ Marine Coatings for Fishing Vessels and Boats: Revenue and Volume Forecast, Global, 2019–2029~ Marine Coatings for Fishing Vessels and Boats: Revenue Forecast by End Use, Global, 2019–2029~ Marine Coatings Fishing Vessels and Boats: Volume Forecast by End Use, Global, 2019–2029~ Marine Coatings for Fishing Vessels and Boats: Revenue Forecast by Region, 2019–2029~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by Region, 2019–2029~ Marine Coatings for Fishing Vessels and Boats: Volume by End Use, Americas, 2022~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, Americas, 2029~ Marine Coatings for Fishing Vessels and Boats: Volume by End Use, Europe, 2022~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, Europe, 2029~ Marine Coatings for Fishing Vessels and Boats: Volume by End Use, APAC, 2022~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, APAC, 2029~ Marine Coatings for Fishing Vessels and Boats: Volume by End Use, MEASA, 2022~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by End Use, MEASA, 2029~ Marine Coatings for Fishing Vessels and Boats : Revenue Forecast by Coating Type Global, 2019–2029~ Marine Coatings for Fishing Vessels and Boats: Volume Forecast by Chemistry, Global, 2019–2029~ Digital Transformation in Paints and Coatings: Examples, Global, 2017–2022~ |
| Podcast | No |
| Predecessor | ME3F-01-00-00-00 |
| WIP Number | PE5A-01-00-00-00 |
Growth Opportunities in Global Marine Coatings
Growth Opportunities in Global Marine Coatings
Strategies to Develop Coatings with Advanced Technologies Create Future Growth Potential
RELEASE DATE
25-Oct-2023
25-Oct-2023
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PE5A-01-00-00-00
SKU: CM_2023_248
$4,950.00
In stock
SKU
CM_2023_248